Post by QPR Report on Jun 14, 2009 7:02:55 GMT
Edit/Bump: 13 Year Flashback...
Dave McIntyre - Ealing Gazette - Paladini ready to sell up - Jun 14 2007
Chairman to tell shareholders he will accept £4m
QPR'S Italian owners are ready to sell the club for around £4 million.
Chairman Gianni Paladini says he is willing to part with his shares for the price he bought them for and that fellow investors Antonio Caliendo and Franco Zanotti will do the same.
It means that after a year of being merely open to offers, the trio - who together own around 62 per cent of the club - have now gone a step further and effectively put Rangers up for sale.
A group fronted by former Liverpool and Tottenham striker Ronny Rosenthal is among a number of parties to have expressed an interest. Another group is due to enter discussions about a possible takeover today (Thursday).
Paladini paid around £650,000 for a 22 per cent stake back in 2004 and ousted Bill Power as chairman a year later following a bitter struggle for control.
For the full story, read tomorrow's edition of the Gazette."
"Also in tomorrow's paper: Marc Bircham's amazing contention that Paladini forced him out of the club, and the chairman's response to the allegations"
BBC - June 15 2007
BBC - QPR's Italian owners want to sell
QPR chairman Gianni Paladini says the club's Italian owners are ready to sell up for about £4m.
Paladini says he will sell his stake for the £650,000 he paid for it when he joined the board in 2004.
Fellow investors Antonio Caliendo and Franco Zanotti are also believed to be prepared to accept the price they paid for their larger stakes.
Paladini said: "We've taken the club as far as we can and don't have the money to take it further."
Between them, Paladini, Caliendo and Zanotti own about 62% of the Championship club.
We've done all we can and someone else is needed to take things forward
Paladini added: "We need new investment and new people to take QPR forward. We just want the club to succeed.
"If the right people are there and can show they would be good for QPR, then there is no way we would try to stop them."
Rangers have been plagued by problems on and off the pitch since Paladini and Caliendo took control in 2005 following a bitter power struggle.
Caliendo has loaned the club a substantial amount in order to prevent it from going into administration.
Paladini insists this money will only be repayable should QPR make a profit by reaching the Premiership, and should not be a barrier to a takeover.
But any new owner would have to deal with ongoing losses and 11.59% interest repayments on a £10m loan a previous regime at Loftus Road arranged to take the club out of administration in 2002.
"When we came here the club was in a very bad position," Paladini added.
"Things are better now but we've done all we can and someone else is needed to take things forward.
"As long as they can show they have the money to improve QPR for the future, then I won't be looking for anything more from them than what I paid for my shares. Anything more should go into the club."
news.bbc.co.uk/sport2/hi/football/teams/q/qpr/6750949.stm
Dave McIntyre - Ealing Gazette - Paladini ready to sell up - Jun 14 2007
Chairman to tell shareholders he will accept £4m
QPR'S Italian owners are ready to sell the club for around £4 million.
Chairman Gianni Paladini says he is willing to part with his shares for the price he bought them for and that fellow investors Antonio Caliendo and Franco Zanotti will do the same.
It means that after a year of being merely open to offers, the trio - who together own around 62 per cent of the club - have now gone a step further and effectively put Rangers up for sale.
A group fronted by former Liverpool and Tottenham striker Ronny Rosenthal is among a number of parties to have expressed an interest. Another group is due to enter discussions about a possible takeover today (Thursday).
Paladini paid around £650,000 for a 22 per cent stake back in 2004 and ousted Bill Power as chairman a year later following a bitter struggle for control.
For the full story, read tomorrow's edition of the Gazette."
"Also in tomorrow's paper: Marc Bircham's amazing contention that Paladini forced him out of the club, and the chairman's response to the allegations"
BBC - June 15 2007
BBC - QPR's Italian owners want to sell
QPR chairman Gianni Paladini says the club's Italian owners are ready to sell up for about £4m.
Paladini says he will sell his stake for the £650,000 he paid for it when he joined the board in 2004.
Fellow investors Antonio Caliendo and Franco Zanotti are also believed to be prepared to accept the price they paid for their larger stakes.
Paladini said: "We've taken the club as far as we can and don't have the money to take it further."
Between them, Paladini, Caliendo and Zanotti own about 62% of the Championship club.
We've done all we can and someone else is needed to take things forward
Paladini added: "We need new investment and new people to take QPR forward. We just want the club to succeed.
"If the right people are there and can show they would be good for QPR, then there is no way we would try to stop them."
Rangers have been plagued by problems on and off the pitch since Paladini and Caliendo took control in 2005 following a bitter power struggle.
Caliendo has loaned the club a substantial amount in order to prevent it from going into administration.
Paladini insists this money will only be repayable should QPR make a profit by reaching the Premiership, and should not be a barrier to a takeover.
But any new owner would have to deal with ongoing losses and 11.59% interest repayments on a £10m loan a previous regime at Loftus Road arranged to take the club out of administration in 2002.
"When we came here the club was in a very bad position," Paladini added.
"Things are better now but we've done all we can and someone else is needed to take things forward.
"As long as they can show they have the money to improve QPR for the future, then I won't be looking for anything more from them than what I paid for my shares. Anything more should go into the club."
news.bbc.co.uk/sport2/hi/football/teams/q/qpr/6750949.stm
